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HALFORDS GROUP PLC
Award of Options under Halfords Group plc Co-Investment Plan 2012
As previous announced on 3 October 2012, on appointment to the role of CEO of Halfords Group plc, Matt Davies, (the "participant") was invited to invest £500,000 into a five-year Co-Investment Plan ("CIP"). Under the CIP, the participant can earn a Matching Share award equivalent to a maximum of 3.5 times his investment based on the achievement of performance targets.
As previously announced, the participant acquired, on the open market, 164,056 shares on 4 October 2012 at a price of £302.22.
On 28 January 2013 a Matching Share award of 574,196 ordinary shares has been made to the participant (being 3.5x his investment). This award is granted in accordance with Listing Rule 9.4.2.
Subject to continued employment these shares may vest up to a third in November 2015, up to two thirds in November 2016 and in full in November 2017, depending on the following Threshold (30% vesting) and Maximum (100% vesting) share price performance of Halfords:
November Threshold Maximum
2015 350p 400p
2016 385p 440p
2017 425p 485p
GROUP COMPANY SECRETARY
01527 - 513025
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